L.T. Management: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
L.T. Management
Largest movements
- Receivables within one year +€2.4m
up €2.4m (+51.3%), from €4.6m to €7.0m
of which Trade receivables: +€1.6m
- Stocks and contracts +€468,748
up €468,748 (+69.7%), from €672,413 to €1.1m
- Financial fixed assets +€103,000
up €103,000 (+11.8%), from €873,650 to €976,650
- Debts after one year +€1.0m
up €1.0m (+34.2%), from €3.0m to €4.0m
- Other debts +€985,939
up €985,939 (+35.2%), from €2.8m to €3.8m
- Profit (loss) carried forward +€357,715
up €357,715 (+382%), from €93,747 to €451,461
- Trade debts +€257,183
up €257,183 (+168%), from €152,948 to €410,132
- Tax, wage and social debts +€244,636
up €244,636 (+156%), from €156,699 to €401,335
- Gross operating margin +€316,904
up €316,904 (+98.7%), from €321,061 to €637,965
- Taxes +€157,511
up €157,511 (+184%), from €85,453 to €242,963
- Financial charges +€52,104
up €52,104 (+200%), from €26,109 to €78,213
of which Financial charges: +€52,104
- Other operating charges -€40,275
down €40,275 (-88.7%), from €45,388 to €5,113
- Depreciation -€6,520
down €6,520 (-62.0%), from €10,513 to €3,993
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,604,509 | €9,509,568 | +€2.9m | +44.0% |
| Fixed assets | 21/28 | €904,232 | €1,019,895 | +€115,663 | +12.8% |
| Intangible fixed assets | 21 | €5,500 | €5,500 | = | 0.0% |
| Tangible fixed assets | 22/27 | €25,082 | €37,745 | +€12,663 | +50.5% |
| Plant, machinery and equipment | 23 | - | €3,807 | +€3,807 | |
| Furniture and vehicles | 24 | €1,934 | €11,442 | +€9,508 | +492% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €23,148 | €22,496 | -€652 | -2.8% |
| Financial fixed assets | 28 | €873,650 | €976,650 | +€103,000 | +11.8% |
| Current assets | 29/58 | €5,700,278 | €8,489,674 | +€2.8m | +48.9% |
| Amounts receivable after more than one year | 29 | €259,000 | €259,000 | = | 0.0% |
| Other amounts receivable | 291 | €259,000 | €259,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €672,413 | €1,141,161 | +€468,748 | +69.7% |
| Stocks | 30/36 | €672,413 | €1,141,161 | +€468,748 | +69.7% |
| Amounts receivable within one year | 40/41 | €4,636,394 | €7,012,569 | +€2.4m | +51.3% |
| Trade receivables | 40 | €1,155,756 | €2,792,771 | +€1.6m | +142% |
| Other amounts receivable | 41 | €3,480,638 | €4,219,798 | +€739,160 | +21.2% |
| Current investments | 50/53 | €2,500 | €2,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €120,873 | €67,999 | -€52,874 | -43.7% |
| Deferred charges and accrued income | 490/1 | €9,098 | €6,445 | -€2,653 | -29.2% |
| Total equity and liabilities | 10/49 | €6,604,509 | €9,509,568 | +€2.9m | +44.0% |
| Equity | 10/15 | €358,007 | €715,721 | +€357,715 | +99.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Revaluation surpluses | 12 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,747 | €451,461 | +€357,715 | +382% |
| Amounts payable | 17/49 | €6,246,503 | €8,793,847 | +€2.5m | +40.8% |
| Amounts payable after more than one year | 17 | €3,010,700 | €4,039,200 | +€1.0m | +34.2% |
| Financial debts | 170/4 | €3,010,700 | €4,039,200 | +€1.0m | +34.2% |
| Amounts payable within one year | 42/48 | €3,189,701 | €4,635,976 | +€1.4m | +45.3% |
| Financial debts | 43 | €36,798 | €36,798 | = | 0.0% |
| Credit institutions | 430/8 | €36,798 | €36,798 | = | 0.0% |
| Trade debts | 44 | €152,948 | €410,132 | +€257,183 | +168% |
| Suppliers | 440/4 | €152,948 | €410,132 | +€257,183 | +168% |
| Advances received on contracts in progress | 46 | €41,483 | €0 | -€41,483 | -100% |
| Taxes, remuneration and social security | 45 | €156,699 | €401,335 | +€244,636 | +156% |
| Taxes | 450/3 | €156,699 | €401,335 | +€244,636 | +156% |
| Other amounts payable | 47/48 | €2,801,772 | €3,787,711 | +€985,939 | +35.2% |
| Accrued charges and deferred income | 492/3 | €46,102 | €118,671 | +€72,569 | +157% |
| Non-recurring operating income | 76A | €0 | €41,322 | +€41,322 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,513 | €3,993 | -€6,520 | -62.0% |
| Other operating charges | 640/8 | €45,388 | €5,113 | -€40,275 | -88.7% |
| Gross operating margin | 9900 | €321,061 | €637,965 | +€316,904 | +98.7% |
| Operating profit (loss) | 9901 | €265,160 | €628,859 | +€363,699 | +137% |
| Financial income | 75/76B | €48,363 | €50,032 | +€1,669 | +3.5% |
| Recurring financial income | 75 | €48,363 | €50,032 | +€1,669 | +3.5% |
| Financial charges | 65/66B | €26,109 | €78,213 | +€52,104 | +200% |
| Recurring financial charges | 65 | €26,109 | €78,213 | +€52,104 | +200% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €287,415 | €600,678 | +€313,264 | +109% |
| Income taxes | 67/77 | €85,453 | €242,963 | +€157,511 | +184% |
| Profit (loss) for the period | 9904 | €201,962 | €357,715 | +€155,753 | +77.1% |
| Profit (loss) for the period to be appropriated | 9905 | €201,962 | €357,715 | +€155,753 | +77.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.